Author: The Editorial Team

LAGOS (Capital Markets in Africa) – Commodity investors have a busy docket this week, with near-term headlines set to be dominated by the damage wrought by Hurricane Florence in the U.S. and its far-flung Asian cousin, Typhoon Mangkhut. There’s also likely be squalls for raw materials from the U.S.-China trade war, with metals including copper sinking on Monday on concern more levies may hit. Beyond the bad weather, there’s a trio of a meeting that’ll command attention, with…

JOHANNESBURG (Capital Markets in Africa) – South Africa’s battered rand may receive an unexpected boost from the central bank this week if money-market rates are anything to go by. While only three out of 19 economists in a Bloomberg survey are predicting a South African Reserve Bank rate increase on Thursday, traders have been adding bets on a surprise hike. Forward-rate agreements are now putting the odds of a 25 basis-point hike at more than 50 percent,…

LAGOS (Capital Markets in Africa) – Undaunted by the crash in cryptocurrencies, the company that created the first exchange-traded Bitcoin trackers now wants to offer a whole basket of digital currencies to bet on. The plan is to launch an exchange-traded product based on a basket of 5 to 10 such currencies before the end of the year, according to Stockholm-based XBT Provider AB. This is “something that the market is looking for,” said Laurent Kssis,…